Mi Casita Professional Tax Services

08/26/2025

✨ Teachers, don’t forget! ✨️

The Educator Expense Deduction lets you write off up to $300 in classroom costs ($600 if married filing jointly). That’s money back in your pocket for doing what you love most — teaching!

Some qualified expenses: 📘 Books, 💻 Tech, 🎓 Training, 🛠 Classroom materials.

💼 Ready to maximize your deductions? Let’s make sure you don’t leave money on the table this tax season.

01/10/2024

10/18/2022

Do you forget about your taxes as soon as April's over?👀

If so, you're selling you + your business short!

Part of having a competitive advantage is maximizing your investment in your business, and you can NOT do that without tax planning.

I want to put money back in your pocket to reinvest in your passion - let's start tax planning for your business!

10/18/2022

I know it's SO frustrating when a customer doesn't pay - but it's a big problem business owners face!

So... can you write it off?

Per the IRS, you have to prove that your debt is "worthless." This means that there is NO reasonable expectation that this debt will be repaid.

You must be able to show that you've made reasonable efforts to collect this debt.

Things get a little more technical from here - bad debt losses are written off as short-term capital losses.

If you started to zone out on that last paragraph, let me take over! Message me to start working on your taxes together.

10/17/2022

My series on tricky transactions is coming to an end with your sales!!!

If you're not collecting payment immediately upon the sale of your goods or services, you should be recording an increase to your Accounts Receivable.

Why do businesses mess this up so often?

When you make a sale, business owners are eager to increase their sales number (and in this excitement, they may think this should increase their cash too!).

But, your customer hasn't actually had their payment processed! You need to be recording a second transaction when you actually get paid - but I'm not going to bore you with the specifics!

If you've made it all the way through my series, major props! Accounting can be dry and boring, but it's SO important for your business that it be done correctly.

You don't know what you don't know, so hire a professional.

10/15/2022

I'm back with Part TWO of transactions you could be recording incorrectly!

Are you borrowing money for your business? Each payment you make on your loan is likely made up of two components:

(1) Principal

(2) Interest

For an amortized loan, this means your transaction will involve three accounts, the loan liability, interest expense, AND your cash account.

If your business has loan payments to record, you definitely want to work with a bookkeeper to ensure these are recorded correctly!

10/13/2022

The FIRST type of transaction you could be recording wrong is... PREPAID EXPENSES!

Here's what's tricky about prepaid expenses - You might have paid $600 for a monthly cleaning service upfront in January, so you recorded a $600 expense for the month. Sounds good, right?

Depending on your accounting method, you may have needed to record some of this prepaid expense as an asset instead!

Instead of just affecting your income statement, you should have also hit a balance sheet account!

Am I going over your head yet? Stay tuned for two more tricky transactions I'll be sharing over the next few days!

10/11/2022

If you haven't filed your 2021 tax return yet, you probably fall into one of the categories below!

1️⃣ You worked with a tax professional to file an extension! In this case, you have until October 22, 2022 to file your tax return without facing failure to file penalties.

2️⃣ The deadline snuck up on you this year, and now you don't know what to do!😅

Regardless of which category you fall in, I can help! Filing a tax return is SO important to make sure that you're not facing penalties AND that you're receiving any money that you're due back.

I prepare tax returns all year round, click the DM button to get started!

10/10/2022

I'm going to tell you what your job is....

It IS keeping your clients happy! 🌟

It IS doing what you love! 🥰

It is NOT reconciling your bank statements - that's mine!👋

Quit doing the admin of your business and hire a professional!

10/10/2022

☑️ One of my favorite things to help a business owner do is save on their taxes just by checking a box!

Depending on the nature of your business and your current income levels, electing to be taxed as an S-Corp could help you save on self-employment taxes.

Want to find out if checking this box is right for you? Click the DM button to set up a call!

10/07/2022

But when it comes to your bookkeeping - hiring a bookkeeper gets you BOTH!😉

Ready to quit worrying about whether your bookkeeping is done right (or done at all?!)

Whether you just need a one-time clean up, or on-going monthly services, I've got a bookkeeping package to fit your business!

Click the DM button to get started!

10/05/2022

This answer is going to look a little different for everyone, but I can share what my best advice is!

You're likely going to want to re-invest most (or all!) of your profits back in to your business at first to help it grow. This means you might not be making money from your business for a while!

If you can work on your passion while balancing your day job, try to do this as long as possible! You may want to consider leaving your job to work full-time on your business if your NET INCOME matches your income from your other job for several months (or more if your business is seasonal!).

Not sure what your net income is? Click the DM button to find out!